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Dec 4, 2012
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euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans t greece wn they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly losing ground. dollar yen changing hands at 82.13 to 17. euro stands at 107.19 to 24. analysts say investors are selling the dollar following the release of u.s. manufacturing data. it was the lowest in almost three and a half years. more investors are showing interest in the weakening yen. taking a look at other markets, south korea's kospi is trading lower. let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasti
euro president said the region's financial authorities will monitor greece's bond buying back program. he says the finance ministers will sign off in the next round of loans t greece wn they meet again on december 13th. the ministers also talked about spain. they decided to provide up to nearly $40 billion euros. they're decision came after the bailout fund to sure up its constituti institutions. the nikkei average at 9,434. that's a loss of one-fourth of a percent. the dollar is slightly...
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Dec 23, 2012
12/12
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will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know, what are the odds? i would, you know, i'm an on the optimist. i would say we will get back to growth. >> kevin? >> the oecd, which is an organization that studies large, developed nations just did a big study to try to identify how big the policy challenges facing the nations around the world are. and they estimated something called the fiscal adjustment, and the fiscal adjustment for greece that they need -- which is either the immediate tax increase or the immediate reduction in spending necessary to make it so that their economy doesn't
will eventually end up like greece? >> well, look, if i could just answer that, i'm an optimist on america. i believe in america. i'd buy it, you know, if america was a publicly-traded company, i'd buy the stock every day. this country and this economy is tremendously resilient. and one of the great things, i think, about our book is it's got ideas that require action in washington, it's also at state level, individual level and there's some business and corporate level. so, you know,...
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Dec 12, 2012
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workerses for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality f
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workerses for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 28, 2012
12/12
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for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health be
for greece as a whole, it means that and more. the headlines are about finance ministers, debt deals, austerity measures. but it's become clear that he problem here in greece now goes well beyond just the economy. as a recent european commission report says: after years of weak growth, the crisis is now having severe social consequences. look up and you still see the ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up...
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Dec 26, 2012
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greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids, gone on strike, sit down instead. tear gas lingers like a whiff of skunk.e' weep, pericles, or maybe just get drunk.n we'll hawk the parthenon to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk."ng >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cartco away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interestin
greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids,...
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think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you alluded to you know it was nearly two years ago when congress said if the super congress the super committee can't come up with the deal to reduce our spinning and increase our revenue we'll have this fiscal cliff so you're right on the money thing it's been these wouldn't these promises that were made two years ago basically could never stand up we are always heading towards this problem you know one hundred percent correct look this is work in the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before
think the path is is very very clear i mean you have to do is look at europe look what happened in greece look what's happened in italy where it's been you know shown to the people of that region of the world as it's being shown to us this notion that representative government doesn't work no i don't believe that but i believe this is the message they're sending to worse you know that we have five hundred thirty five member body of congress and they just can't get anything done and as you...
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Dec 18, 2012
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. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles the multi million dollar fine levied by the government. >>> the strongest northwest storm of the season roars into washington state. the mess it left behind. >> no leavy coats needed outside. right now mild and sunny. but tells us that's going to to change. always on for your top stories on wjz.com. and first warning weather click wjz.com. ,,,,,,,,,,,,,,,, >>> i'm paula from maryland, happy holidays, wjz. >> happy holidays to paula. >> happy holidays paula and everybody out there. >> it's a nice day. >>> it really is . there's an event going on that exact place on sunday. we're going t
. >>> good news for greece. raised the credit rating by 6 notches. other european union countries are committed to keeping greece. >>> instagram says it has a right to sell your photos. expressing outrage on twitter and sites. instagram claims the right to sell photos to advertisers without payment or notification. there's no way to opt out unless you close your account by january 16th. that's your money watch. cbs money watch.com. >> coming up at 4:00, toyota troubles...
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Dec 25, 2012
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greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps. >> brown: a poet and elder statesman of greek letters, he's seen many of the hardships and horrors of greek history in the 20th century, including the german occupation in world war ii. >> here is athens during the occupation. a street in the center of athens, against the occupation. >> brown: so this was part of your life? >> somewhere back there, i'm in the crowd. >> brown: even more devastating, he says, was the greek civil war that followed, one that led to his own captivity and torture on an island prison. so you've seen much worse? >> i give always this example: that during the winter of 1940 to '41, every
greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps....
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Dec 3, 2012
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i don't really get many questions or have many debates about greece or spain anymore. i think there's definitely a back burner element to what's going on in europe as people focus whether it happens on january 1st or not on the fiscal cliff. >> let me follow up with that real quick. here's the thing -- the greek situation, which was driving the market negativity a few months ago, is the same, roughly, as it was then. but yet we've conveniently forgotten about it because the fiscal cliff. >> i don't think is that people forgot about it. the ecb has gone a long way toward mitigating tail risk across the region, lowering volatility. as intention has increasingly focused on spain and italy, i think people at this point have pretty much written greece off. i think there is still a widespread belief following the german elections that debt burden is going down in the official sector, just a matter of how much. >> gina sanchez, this is live tv of course. good to have you back up and running. we have climbed the wall of worry many, many times. quite often when we climb that wa
i don't really get many questions or have many debates about greece or spain anymore. i think there's definitely a back burner element to what's going on in europe as people focus whether it happens on january 1st or not on the fiscal cliff. >> let me follow up with that real quick. here's the thing -- the greek situation, which was driving the market negativity a few months ago, is the same, roughly, as it was then. but yet we've conveniently forgotten about it because the fiscal cliff....
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Dec 21, 2012
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we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security and medicare are going broke. we have to fix those of those who are dependent on those systems can get them. continuing to spend money like both parties have been doing the, wild spending is going to lead us to be just like greece. we are not going to be able to take care of the poor or the needy or take care of senior citizens. we have to stop spending. host: this is fiscal year 2010, but it has not changed significantly in terms of percentage. 41% of the federal budget. not defense appropriations 19%. defense spending 20%. the national debt 6%.
we are heading down the same path that greece did. right now the democrats are talking about raising taxes on the top 2%. if we do not stop the spending, we will be back here again maybe one year from now saying, maybe we need to raise taxes on the top 25% or 50%. then everybody will be taxed and we will run out of money. what is going to happen is the federal government is not going to be able to take care of its obligations. you are not going to be able to have safety nets. social security...
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Dec 24, 2012
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the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a picture with st. nick. and in lima, offering a new line of festive outfits for the four-legged friends and chihuahuas in custom gear all to make the holiday extra special and that's a wrap on this fox trip around the world in 80 seconds. >> well, i guess you could say it's christmas eve eve and thousands of shoppers are packing the stores in search of the last minute bargains or better just pay the prices and get the gift you need. come on. with the lingering worries tonight after weak economy and the looming fiscal cliff, many consumers are left say
the unemployment in greece right now. 26%. israel, christmas coming early to jerusalem. >> merry christmas and happiness and peace. happy holidays! >> santa claus walking through the old city, calling on commission residents to pick up free christmas trees. tens of thousands of pilgrims visit jerusalem every year and during the holiday season it's second in tourism to the west bank city of bethlehem where jesus was born. peru, dogs dressing up, putting on the dog. and posing for a...
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Dec 12, 2012
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because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no jobs in that state? the state is bankrupt. it is detroit. you don't -- >> next question. is michigan a preview of coming attractions for america because of democratic policies? because that is the outcrop of what happened in michigan. >> we have a series of greeces around the country. and one piece of good news is probably the first state to go bankrupt is california. california is so left wing, they could never elect a republican governor. neither republicans or democrats have an incentive to bail it out so i don't think we will see a federal bailout. fortunately california will go first and probably not michigan. >> ann coulter, great to he sue. >> last show of the year. see you next year, sean
because if there is ever going to be a change, if michigan will be saved and not become worse than greece, it will be because of the governor snider and the republicans. >> and the president went there jed and a made his public comments. these are his supporters. >> oh, yes. >> he appeals to the union workers. >> well, beyond him not condemning it, why is he supporting a system that has led to no jobs in that state? the state is bankrupt. it is detroit. you don't --...
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spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't even be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but there's actually a danger of an arcade because government itself may break down the crowd is. not the case in the u.s. where the occupy movement lost momentum this year corporate back media and authorities managed to dull demonstrations demanding economic equality and responsibility just one of a party that there was you know you wait for occupy to expand from its needs and from that. you know usually you write it by the elites as a bunch of anarchists or yeah the poor students who know how to sing better to do this is to organize themselves fully to something the group is promising in twenty thirteen with
spain had millions on the street at a time demanding the government stop cuts and demos continued in greece who got a forty four billion euro bailout masses were met with heavy handed policing in most countries across the e.u. which was awarded a nobel peace prize in twenty trials i am right. they ultimately if there are too many protests won't even be able to afford the policemen on the streets and therefore we could actually end up not so much with a violent reaction from government but...
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Dec 28, 2012
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greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was unfounded that the assumption that they could leave the euro area, that they could refeud the adjustment which is necessary were wrong assumptions. and now we see and of course it's difficult, of course it's hard, it's tough. but people have to make adju adjustments which are very, very difficult. but, again, we are going in the right direction. again, it's very difficult. it goes in the right direction. >> you don't believe in the scenario for greek exit? >> no.. it's precisely because it appears very clearly that neither the greek people nor the greek government nor all peer
greece's banks in fresh capital were gop going to go down to central bank. national bank, euro bank, alfa and peres need the money to close ratios following last week. greece confirmed that the 50 billion euros set aside for recapitalization will be enough to capture these shortfalls. stephane pedrazzi asked the ecb jean-claude trichet about greece. >> i think it is absolutely clear that out of the fears of the global observers have proved unfounded. i was always confivinced that i was...
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and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president obama i want to play just a little bit of what he had to say. preventing that tax hike as been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra two thousand dollars in taxes next year middle class families can't afford it businesses can't afford it our economy can't afford it today it appears that an agreement to prevent this new year's tax hike is within sight but it's not done there are still issues left to resolve but we're hopeful that congress can get it done but it's not done now as expected he's been criticized by several r
and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president...
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its strategy of austerity as its desperate to avoid the bailout fate of other european nations like greece portugal and ireland the country is nearly one hundred fifty billion euros in debt. the u.k. government has given the green light to the resumption of the controversial gas drilling technique known as fracking but the methods heavily criticized for its destructive environmental impact including causing massive water pollution and even earthquakes the story. driller is the only company with a license to conduct fracking in the u.k. but that's all set to change now that the government has given its blessing for the controversial method of extracting shale gas from underground already operates several wells here in lancashire but the divisive technology was temporarily banned last year and with good reason to the fracking taking place here. minor earthquake says. a local unpaid is doing very little he said i don't know a lot about it well he should know a lot about it you're going. to lie shareholders pockets this is not going to benefit us and it will be a legacy toxic legacy for our ch
its strategy of austerity as its desperate to avoid the bailout fate of other european nations like greece portugal and ireland the country is nearly one hundred fifty billion euros in debt. the u.k. government has given the green light to the resumption of the controversial gas drilling technique known as fracking but the methods heavily criticized for its destructive environmental impact including causing massive water pollution and even earthquakes the story. driller is the only company with...
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i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would drae grae to testify publicly, but there are obviously congress has an obligation i think they have chosen to highly objective non-political, non-partisan people in tom pickering, ambassador tom pickering, and admiral mike mullen, and we'll see what the report says, but clearly the administration does need to deal with these issues before we get to 2013 and the president's inauguration. >> and one of the questions that is being examined is all of the warnings and the incident -- there were five separate incidents that preceded the fatal at
i think you were serving in greece. the last time we had one of these major reports, which was on the 1998 bombings. this report has been done by two senior experienced people, tom pickering and admiral mike mullen, and my indications are that it is really going to be very tough on the state department. hillary clinton has to defend this and present it to congress. >> well, andrea, i don't have a preliminary indication of what the report was saying, but i think secretary clinton would...
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Dec 31, 2012
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when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it was dramatic and hurt people's 401 k's. if you can't pay your bills you get a downgrade. >> again. >> it's not going to be good news. you know what happens you can't borrow as much money. >> that's what happens to me. >> it costs you more to borrow. all of us coming together it will be -- it could be we would be watching none of this would come to a surprise fell off the market every single day. they know what's happening. they know what's going on. it's not a surprise but nobody likes to see it. >> when they raise the debt ceiling is that to pay off debt already accrued. >> the money
when you look at how much we are spending we are similar to spain and greece. it is not a pretty scenario. >> tell me this what happens when we judge up against it? >> everybody starts wondering when we are going to raise the debt ceiling. there's a debate because they don't like to. then you have all of wall street looking at this wondering if we will be able to pay our bills. you remember what happened last time around the market sold off 2,000 points over the 2 month period. it...
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Dec 21, 2012
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we've got to focus on spending or we will be just like greece. from thiss is morning's "washington post" - with regard to gun control, do you support and new laws with regard to these high-powered rifles? guest: it is too soon to be looking at those types of issues. the sensitivity of america is extremely raw. what happened in connecticut is outrageous and horrible. all of us are just very saddened. >> see the rest of this sequence -- segment at c-span.org. >> io am davejkeane president of the national rifle association and i would like to welcome you to begin our discussion of the topic that has been on the minds of american parents across this country. that is -- what do we do about the tragedy of the sort that struck in newtown, conn. to avoid such events in the future? like most americans, we were shocked by what happened. like all americans, we have been discussing all of the various options that are available to protect our children and, at this point, we would like to share our thinking with few. that purpose, i like to introduce wayne lap
we've got to focus on spending or we will be just like greece. from thiss is morning's "washington post" - with regard to gun control, do you support and new laws with regard to these high-powered rifles? guest: it is too soon to be looking at those types of issues. the sensitivity of america is extremely raw. what happened in connecticut is outrageous and horrible. all of us are just very saddened. >> see the rest of this sequence -- segment at c-span.org. >> io am...
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Dec 27, 2012
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like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling global surpluses again in a rational way. the great advantage of having no qualms about lying through your teeth as politicians in this country and in my country have been known to do -- the story that i have been trying to tell is quite complicated. you can use simplification in order to confuse people. when in being interviewed by the media, you have about 20 seconds. you have to answer the question of what is wrong with the world. if you say, well, we have too much debt. we will become the slaves of the chinese like these a
like we are doing in greece. in greece, we've had the most brutal, a substantial fiscal squeeze and in the history of humanity. if you look at the numbers, and nowhere before as the budget -- has the budget been squashed so savagely. and what happened to the debt? 129% to 200% of gdp. it is what happens. when you kill the cow that produces the milk, it will not produce more milk and if you keep hitting it, it will not produce more. the problem with the economy is, we need to start recycling...
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Dec 13, 2012
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greece. oh, really? greece is not growing. greece has lost 25% in its economy in the past five years. greece's economy shrunk by 7% this year alone. there's a 20% unemployment rate in greece and even higher for younger people. greece doesn't make anything that the rest of the world wants. the american economy is dynamic. the american economy always needs to be improving with education, scientific research and infrastructure investment. so, a rational system, a rational political system would respond much differently than what is going on here in this congress. we're talking about spending cuts and allowing tax cuts that haven't produced economic growth to be extended. all of the people that are talking about spending did all the spending. they are the debt and deficit creators. if we want to experience economic growth we have to invest in this economy. and it's critically important to the future of this nation. medical research. we need to enhance not cut funding to the national institutes of
greece. oh, really? greece is not growing. greece has lost 25% in its economy in the past five years. greece's economy shrunk by 7% this year alone. there's a 20% unemployment rate in greece and even higher for younger people. greece doesn't make anything that the rest of the world wants. the american economy is dynamic. the american economy always needs to be improving with education, scientific research and infrastructure investment. so, a rational system, a rational political system would...
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Dec 24, 2012
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later an off-duty police officer from the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new york, gerald pickering, held a news conference a few hours ago x he described what amounted to nothing less than an ambush. listen. >> at this time, you know, it's still under investigation, but we, you know, we have different leads that we're chasing down. it does appear that it was a trap that was set for responding, you know, first responders. but causative reasons we don't have at time. >> reporter: the police chief said that the shooter's body was found nearby. he also said that it was not clear at this time what type of a weapon it was, whether it was an assault rifle. also
later an off-duty police officer from the nearby town of greece, new york, drove by. the gunfire hit his car. he was apparently injured by the shrapnel. now, as for the shooter, authorities say that he apparently was killed by a gunshot, there was some type after a shootout. police arrived, their fired at the shooter. not clear to what extent, if any, he fired back at the police officers, but we do know that he is now dead. not clear if it was self-inflicted. the police chief for webster new...
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Dec 6, 2012
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to greece. i've got to tell you, that's not really the fairest of comparisons. for the record, the headline in the post was, the rest of the world thinks the fiscal cliff is ridiculous. i think a lot of people here would agree with that headline. >> it's interesting -- i heard a report about it calling it slow, too, that it would take effect gradually. let's just get it done. >>> bright but brisk today and cold again tonight. >> will it get milder? a big football game for this region coming up this weekend. howard will have the answer when we return. two big football games in fact. your weather coming up after this gorgeous shot of the sunrise. keep it here. >>> welcome back to 9news. monika here with your timesaver traffic. you'll want to listen up for sure if you're headed to the beltway north of town in bethesda. i'll explain what's been going on since 2:00 this morning. on the outer loop you're looking at a truck that had overturned just past the exit for northbound i-270. maryland state police tell me he admitted he was going too fast and lost control and o
to greece. i've got to tell you, that's not really the fairest of comparisons. for the record, the headline in the post was, the rest of the world thinks the fiscal cliff is ridiculous. i think a lot of people here would agree with that headline. >> it's interesting -- i heard a report about it calling it slow, too, that it would take effect gradually. let's just get it done. >>> bright but brisk today and cold again tonight. >> will it get milder? a big football game for...
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Dec 29, 2012
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the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that is the problem. he is like ahab and the well and the well is the -- whale is the wealthy? >> raising taxes in punitive way on affluent people. having said that again, the people who are -- who would be hit with these tax increases are the people who create the jobs. and that impacts a lot of middle class americans. have you got a middle class americans employed by small businesses that would see their tax bills go up. that's going to be bad for the economy and bad for jobs. but, again, i think that the philosophically the president a lot of his allies up here in the congress have a very different view of the world and one which believes that the way that you improve our country and improve our society is to redescribility wealth. but the way that you improve this country and standard of living is is to grow the economy. that makes it bet
the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that is the problem. he is like ahab and the well and the well is the -- whale is the wealthy? >> raising taxes in punitive way on affluent people. having said that again, the people who are -- who would be hit with these tax increases are...
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Dec 31, 2012
12/12
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greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
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Dec 16, 2012
12/12
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to keep our fiscal accounts in balance and move them in the right direction so that we don't become greece? it is interesting that we talk about the -- the previous panel talked about state government and one big problem in europe is there is no fiscal coordination among the independent countries analogous somewhat to our states and who has to bail them out when they haven't done what they are supposed to do? i don't know that we are all that much different. so, we have a great panel. people that are far smarter than i am. i'm going to introduce them now and i will introduce them all and i will sit down and i get to ask some questions. i will ask the panel to keep i will ask the panel to keep their answers
to keep our fiscal accounts in balance and move them in the right direction so that we don't become greece? it is interesting that we talk about the -- the previous panel talked about state government and one big problem in europe is there is no fiscal coordination among the independent countries analogous somewhat to our states and who has to bail them out when they haven't done what they are supposed to do? i don't know that we are all that much different. so, we have a great panel. people...
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Dec 30, 2012
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upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political correspondent for talk radio news service and fox news contributor, jehmu greene former president of the women's media center. i wanted to start with senator graham's soundbite. if taxes are increased to top earners, i'll start with you. does it highlight the crux of the matter the fighting is about party politics and not the people? how do you see it? >> certainly the president is not walking around in a flight suited saying mission accomplished. this is not
upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated...
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Dec 31, 2012
12/12
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. >> it has been slow once filled with stories of joy, sadness, greece, elation, and astonishment. >> let us take a look back at some of the top stores from 2012. >> (cheers and applause) thank you so much. >> we want to be free. >> ♪ an italian cruise ship capsize. >> nearly 23% and unemployment. >> viral socially is sites. >> my name is sandra flux. >> the largest ipo in tech history. >> want article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of a suspect slain in the movie theater shooting. >> police now tells the in in people have been shot in front of the empire state building. >> basalt. >> that's all. >> jerry sandusky was sentenced to a minimum of 30 years in prison. >> to paternal is gone. >> (cheers and applause) the british people are going gaga . >> someone's old photographs of prince harry naked during a strip on billiards game. but the wrong? why now? >> flooding shut up? >>--what do you mean shut up? >> christopher stevens and three other embassy staff are dead. >> all the effec
. >> it has been slow once filled with stories of joy, sadness, greece, elation, and astonishment. >> let us take a look back at some of the top stores from 2012. >> (cheers and applause) thank you so much. >> we want to be free. >> ♪ an italian cruise ship capsize. >> nearly 23% and unemployment. >> viral socially is sites. >> my name is sandra flux. >> the largest ipo in tech history. >> want article has the entire country talking....
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Dec 7, 2012
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does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the influence and crashed his pickup truck killing his passenger and friend 16-year-old john luke. he pleaded guilty to first degree man slaughter in august. in the muskogee county -- it's oklahoma, district judge mike norman he sided not to give him -- decided not to give him jail time. but order to attend church regularly for ten years. i have several thoughts but let you start. eric, what do you think? >> eric: this is tough. blood alcohol is .6 or .7. double the legal limit. there are other issues. not just attend church. he has to graduate high school and graduate welding school and testing goin
does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the...
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Dec 11, 2012
12/12
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FBC
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you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with negative growth and nobody working. dennis: a lesson here. one last note on the fed. what is your concern there? >> pretty simple. the fed has raised the credit market. yield and price are not real. they are buying up trillions of dollars of these bonds and i'm worried about the day when the market no longer listens to them. the market has not been bigger than the fed over the last few years. of the market gets bigger than the fed, look out. yields should be much higher than where they are and if we ever get to that point there could be bi
you also have negative growth in greece. there's only so much you can have of negative growth across the continent of europe before impact spending patterns across the world. there are positives out there but we have to be focused on the fact that these problems are not going to go away. one of every four people in spain are unemployed and under the age of 25. fifty-six% to not have a job. that is a major rest of the for disaster and the math does not work. if you try to fix a problem with...
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. >> what we're seeing in greece is what's happening in detroit. austerity cuts. >> we're seeing a big bailout -- >> right. >> starting with the auto industry. the white house is giving money for new police stations, homeland security is trying to sustain the fire department in detroit. we're talking about a series of bailouts that continue in order to keep detroit proposed up. i don't know how long that is sustainable. >> the movecy called "detropia." you just made the academy awards documentary short list. congratulations on that. >> thank you. >> good luck with it. >>> we've got to take a short break. just ahead, we'll talk syria. we'll discuss that. space needle, pot party there broke out there right at midnight. i wonder why. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as
. >> what we're seeing in greece is what's happening in detroit. austerity cuts. >> we're seeing a big bailout -- >> right. >> starting with the auto industry. the white house is giving money for new police stations, homeland security is trying to sustain the fire department in detroit. we're talking about a series of bailouts that continue in order to keep detroit proposed up. i don't know how long that is sustainable. >> the movecy called "detropia."...
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Dec 11, 2012
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will go bankrupt and swallow the national budget driving us into great deficit, sending us towards greece and european decline. we all know and both parties recognize a resolution to medicare liabilities has to be part of a solution. >> give me one idea you would be ready to sign onto today that would significantly reduce medicare spending. >> we've already passed such a solution in the house. last year we passed legislation that would reform medicare. the budget paul ryan, chairman of the budget committee put forward, passed it to the house, senate hasn't passed a bunl in 1,000 days. we weren't able to get them engaged on that topic. that proposal able to bend the cost curve in medicare, put us toward the budget and preserve medicare exactly the way it is for current retirees. that's the balance you have to strike. that legislation struck a balance of 55 and above keeping medicare exactly the way it is and making changes for those in their 20s and 30s and 40s. most people i talk to in those groups understand we've got to reform medicare to save it and balance the federal budget. >> congr
will go bankrupt and swallow the national budget driving us into great deficit, sending us towards greece and european decline. we all know and both parties recognize a resolution to medicare liabilities has to be part of a solution. >> give me one idea you would be ready to sign onto today that would significantly reduce medicare spending. >> we've already passed such a solution in the house. last year we passed legislation that would reform medicare. the budget paul ryan, chairman...